Business
Adesina Facilitates $1.44 Billion AFDB Investment For Nigeria’s Infrastructure Development
![](https://www.tracknews.ng/wp-content/uploads/2024/06/FB_IMG_1717226038106.jpg)
The African Development Bank (AfDB) has announced an investment of $1.44 billion to aid the development of energy and power, transport, water, and sanitation infrastructure in Nigeria.
President of the financial institution, Akinwunmi Adeshina, made this disclosure in a statement at the Nasarawa Investment Summit 2024, which took place on May 15-16 in Lafia, the capital of Nasarawa State.
Adeshina, who was represented by Director-General of the AfDB’s Nigeria Country Department, Lamin Barrow, said Nigeria faces a huge infrastructure deficit, inhibiting the country’s efforts to diversify its non-oil production and achieve international competitiveness for exports.
He said that according to the 2020 National Integrated Infrastructure Master Plan, Nigeria needs to invest an estimated $2.3 trillion in total infrastructure between 2020 and 2043.
-
Politics5 days ago
2027: Akpabio Plots Presidential Ambition with El-Rufai as Running Mate
-
News5 days ago
Customs Officer Dies In National Assembly After Requesting For Water
-
Crime5 days ago
SON’s Finance Director Faces Investigation Over Massive Corruption Allegations
-
Business5 days ago
WORLD MSME DAY: Over 1000 young professionals line up
-
Politics5 days ago
Huge crowd as Shettima visits Ganduje in Kano
-
Crime5 days ago
Police arrests councillor, village head over alleged theft of community transformer
-
News5 days ago
Rivers crisis: Police declare ex-militant leader wanted
-
Crime3 days ago
Jubilation as Bandits’ Kingpin, Dogo Gide, Protects Farmers In Zamfara